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According to the latest data published by Statistics New Zealand, the unemployment rate in the third quarter fell to 3.9% from 4.5% recorded in the second quarter.

Key takeaways from the official press release

  • Underutilisation rate fell to 11.3 percent.
  • Employment rate rose to 68.3 percent.
  • Filled jobs rose 0.3 percent.
  • Average ordinary time hourly earnings rose to $31.34.
  • Wage rates increased 1.8 percent annually.